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Debate House Prices
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New 85% Club, Landlords Only
Comments
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To allow investors to hold on to empty property when other families are living in over crowded accomodation is not the mark of a civilised society.
this made me nearly spit my coffee out.
when you look at old films - lots of families lived in massive houses in London and around the country. many of these houses are mostly now converted into flats.
obviously individuals have invested in these 'big' properties and developed them to allow for more flats and for more individuals/families to live there.
is this a bad thing!? you want more housing developers and BTLers have given you it and you're still complainingThe only solution is to treat all second homes as investment properties and charge them a modified version of the business rate (which is calculated on the basis of assumed rental). This won't affect normal landlords (who can offset this against tax they are already paying). It will be a severe kick in the pants however for property speculators, incompetant landlords or city bankers who buy a house in Cornwall to use for 2 weeks in the year. Under the new tax, they would pay £5k a year for the pleasure of depriving needy people of a roof.
why - if you can't afford a 2nd property don't moan about it.
don't hate someone because they are doing better than you. it's just plain jealousy.
do you complain about families that have 2 cars and don't use one of them as frequently?0 -
To allow investors to hold on to empty property when other families are living in over crowded accomodation is not the mark of a civilised society.
These STRs who've sold up to wait for prices to drop, then buy again and cash in on the fallen house prices, aren't they just depriving those that can never be in a position to buy a home the opportunity of a decent rental?
Non working single person looking after disabled / elderly or young kids views decent property that landlord happy to let long term. All going well then allong comes STR, offers to pay 6 months rent in advance or has excellent references and employment. Suddenly the former can't find decent accommodation. These STRs are part of your civilised society!I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
do you complain about families that have 2 cars and don't use one of them as frequently?
Car's are cheap and there no real barriers for their production.
They also drastically loose their value over a few years.
Some people throw them away once their derived value has deminished.
Old houses and new houses are worth much the same. You need permission to build a house and the raw materials (ie: land) is a rare commodity.
Even a derelict house is worth money thanks to the land.
It's not a great comparision which you are making.0 -
Car's are cheap and there no real barriers for their production.
They also drastically loose their value over a few years.
Some people throw them away once their derived value has deminished.
Old houses and new houses are worth much the same. You need permission to build a house and the raw materials (ie: land) is a rare commodity.
Even a derelict house is worth money thanks to the land.
It's not a great comparision which you are making.
i don't understand why people are jealous and very bitter of others who own more than one property either.
maybe it's because they cannot afford it and blame others for earlier mistakes that they made or unfortunate circumstances in their lives.
i await the HPC ghetto onslaught0 -
Car's are cheap and there no real barriers for their production.
They also drastically loose their value over a few years.
Some people throw them away once their derived value has deminished.
Old houses and new houses are worth much the same. You need permission to build a house and the raw materials (ie: land) is a rare commodity.
Even a derelict house is worth money thanks to the land.
It's not a great comparision which you are making.
I know it is pedantic in the extreme but Jonnywhatisname had a go at me over a spelling mistake so I am going to have a go at you.
It is lose not loose, I think it is also di for diminished but I wouldn't swear to it.
I had beter wach my splling now.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
People are not bitter or jealous just because they have a different viewpoint to you.i don't understand why people are jealous and very bitter of others who own more than one property either.
Perhaps the use of the words bitter and jealous might be rooted in some sense of guilt as their argument rings true perhaps?
If you go to your local shop and you have no food, would it be fair if somebody got there just before you, bought up all the food and now is offering to let you smell their food for a fee? Or you can wait 3 weeks and they will sell it to you for double what they paid?maybe it's because they cannot afford it0 -
I'm with Generali on this. Why should people be compelled to use a house they own? You can take the concept to daft extremes rather easily. For example:
You should have your garden taken away from you unless you sit out in it at least XX times a year.
You can only have a car if you drive at least XX miles a year.
There's some logic to a "use it or lose it" society, but it's not the society we live in.No reliance should be placed on the above! Absolutely none, do you hear?0 -
PasturesNew wrote: »People are not bitter or jealous just because they have a different viewpoint to you.
Perhaps the use of the words bitter and jealous might be rooted in some sense of guilt as their argument rings true perhaps?
If you go to your local shop and you have no food, would it be fair if somebody got there just before you, bought up all the food and now is offering to let you smell their food for a fee? Or you can wait 3 weeks and they will sell it to you for double what they paid?
there are people starving in the world and people are worried about homes for people in the UK. are you telling me that there are shanty towns in the UK because they cannot afford homes due to BTL or some having more than one home?
maybe they should go, rant and moan at the causes of issues in the 3rd world before they start the property is a home and not an investment fairy tale.0 -
I'm all for BTL.
Why shouldn't I profit from someone else more greedy than me?
The bankers are taking the free tax payer's money, why can't I take some of the free money offered from my landlord?0 -
Yes. And I have been in them. I can name them. I can take people to them and show them.are you telling me that there are shanty towns in the UK because they cannot afford homes due to BTL or some having more than one home?
People living in garden sheds. Normal people, not down and outs. People living in illegally converted garages. It happens. It is happening.
I even knew one shabby old shed, max 10'x12' that actually had up to 3 people living in it (unrelated people). One common extension cable out to the shed and they had to go into the main house to use the loo.
These are my experiences. I could give addresses. Both these were within 50 yards of my last house. This was not a rough area, if you walked down the street you'd remark "Oh, I'd love to live here".
Cornwall.0
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